This piece was co-authored with Jahed Momand and Frank Miroslav. Originally published by C4SS.
Quit your purity politics and pay attention to things outside of your camp or else you’ll get wrecked by a changing world and miss meaningful opportunities.
As such, one space I’ve been paying attention to is that of Decentralized Autonomous Organizations (DAOs). Despite the fact they often have relationships with Evil naughty bad boy things like speculative finance and artificial scarcity, DAOs have the potential to significantly impact the global economy over the next few decades.1 Even if you think that DeFi and crypto are horrible (and there are good reasons to feel that such as scams and carbon emissions), you should still be paying attention to them if only because they have a much greater likelihood of dramatically impacting the global economic system than, say, neo-Stalinism in our lifetime. A major reason is that despite the public association of cryptocurrencies with right-wing libertarians and/or finance bros, there are powerful innovations in governance and public goods allocation being written in the marginalia that should be of serious interest to anyone sincerely committed to helping others.
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